FxMetaTraders Forex Broker

Note: Due to the current non-functionality of FxMetaTraders' official site, http://fxmetatraders.com, we had to rely on information available on the internet to gather relevant details about this broker. Based on our research, we have pieced together an overview of FxMetaTraders to provide a general understanding of this broker. FxMetaTraders Review Summary Founded 2-5 years Registered Country/Region Indonesia Regulation Unregulated Market Instruments N/A Demo Account Unavailable Leverage 1:500 EUR/ USD Spreads 0.0 pips Trading Platforms N/A Minimum Deposit $1,600 Customer Support Phone, email What is FxMetaTraders？ Considering the absence of regulation and the presence of reports or claims of scams related to FxMetaTraders, it is wise for investors to exercise caution. Thoroughly evaluating the potential risks associated with investing in an unregulated and potentially dubious platform like FxMetaTraders is of utmost importance. In the upcoming article, we will thoroughly examine the traits of this broker from different perspectives, offering you an accessible and well-structured presentation of information. If you are interested, kindly continue reading. Towards the end of the article, we will provide a concise summary to provide you with a quick understanding of the broker's characteristics. Pros & Cons Pros Cons Account variety Website is unavailable Phone and email support available Not regulated Some reports of scam Pros: - FxMetaTrader offers a range of account types. - They provide customer support through phone and email. Cons: - Website is unavailable so that limited information about trading provided and learned. - FxMetaTrader lacks proper regulation. - There are reports indicating possible fraudulent activities associated with FxMetaTrader. These reports discuss the advantages and disadvantages of using their services. Is FxMetaTraders Safe or Scam？ As of now, FxMetaTraders lacks proper regulation, indicating a lack of government or financial authority supervision over their operations. Moreover, the inaccessibility of their official website raises concerns about the possibility that the trading platform may have disappeared. These factors contribute to the higher level of risk associated with investing in FxMetaTraders. If you are contemplating investing with FxMetaTraders, it is crucial to conduct extensive research and carefully evaluate the potential risks vis-à-vis the potential rewards before reaching a decision. Generally, it is advisable to opt for brokers that are well-regulated to ensure the protection of your funds. Account Types FxMetaTraders offers three live account types, namely Platinum, Gold, and Beginner accounts. The minimum deposit requirement for these accounts is as follows: - Platinum account: $25,000 - Gold account: $5,000 - Beginner account: $1,600 These account types provide varying features and benefits, allowing you to choose the one that best suits your trading needs and budget. Leverage FxMetaTraders offers a maximum leverage of 1:500. Leverage is a financial tool that allows traders to amplify their trading positions by borrowing funds from their broker. It enables traders to control larger trade sizes with a smaller amount of capital. Account Type Leverage Platinum 1:500 Gold 1:300 Beginner 1:30 With a leverage, traders can trade with an amount up to 500 times their initial investment. For example, if a trader has $1,000 in their account, they can potentially control a trading position worth $500,000. This amplification of trading power can lead to greater potential profits. However, it's important to understand that while high leverage can generate significant returns, it also carries substantial risks. If the market moves against a trader's position, losses can be magnified as well. It is crucial for traders to have a strong risk management strategy in place, such as setting stop-loss orders and managing their exposure appropriately. Spreads & Commissions FxMetaTraders offers different spreads and commissions for its Platinum, Gold, and Beginner accounts. Account Type Spread Commission Platinum 0.0 pips $1 per lot Gold 0.0 pips 2% from $20 per lot Beginner 0.0 pips None User Exposure on WikiFX Our website highlights reports of fraudulent activities, and we advise traders to thoroughly examine the provided information and carefully assess the risks associated with trading on an unregulated platform. Prior to engaging in any transactions, it is recommended to visit our platform for additional information. If you come across any fraudulent brokers or have personally experienced such incidents, please inform us through the Exposure section. We value your input, and our team of experts will make every effort to assist you in resolving the issue. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +447451208204 Email: support@FxMetatraders.com Conclusion In the case of FxMetaTraders, the absence of regulation, combined with one report of scam, raises concerns about the platform's credibility and legitimacy. Investors should thoroughly evaluate the potential risks associated with investing in a platform that lacks valid regulation and has questionable reputation. Frequently Asked Questions (FAQs) Q 1: Is FxMetaTraders regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: Does FxMetaTraders offer demo accounts？ A 2: No. Q 3: What is the minimum deposit for FxMetaTraders？ A 3: The minimum initial deposit to open an account is $1,600. Q 4: Is FxMetaTraders a good broker for beginners？ A 4: No. It is not a wise choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.